May 14, 2024

Recently merged credit unions celebrate over 20 years as Canada's Best Managed Companies

connectFirst and Servus credit unions have each been recognized as recipients of the prestigious Canada's Best Managed Companies award and as members of the Platinum Club, which recognizes winners that have maintained their Best Managed status for seven years or more.

May 13, 2024

Connect First and Servus Credit Union announces new C-Suite team

Connect First and Servus Credit Union announced, today, the makeup of the Executive Leadership team for the newly merged entity, comprised of seven C-Suite executives from the predecessor organizations.

May 03, 2024

Connect First and Servus Credit Union announces inaugural board chair

Connect First and Servus Credit Union announced, today, that Perry Dooley has become the inaugural Chair of the Board of Directors for the newly merged entity. This follows the credit union’s first post-merger Board meeting at which Dooley was selected as Chair through an election process.

Latest news

May 01, 2024

Servus and connectFirst credit unions announce historic merger will proceed

In a landmark move for cooperative banking in Alberta, Servus and connectFirst credit unions proudly announce that their merger closed on May 1. This announcement follows approval from the Credit Union Deposit Guarantee Corporation and more than 84 per cent of each credit union’s membership.

March 27, 2024

Servus begins fiscal year with strong financial performance and growth

Servus Credit Union Ltd. (Servus) continued its strong growth trend with assets reaching $20.6 billion, up $1.8 billion (9.8%), compared to the first quarter of 2023. Coupled with a 182.0% increase in net earnings to $23.1 million, Servus is off to a solid start to the fiscal year.

February 16, 2024

Servus sees stellar growth and solid financial results in 2023

Servus Credit Union Ltd. (Servus) reported another year of strong financial performance and record growth, despite the economic volatility of this past year.

December 05, 2023

Servus Credit Union pays $68.1 million to members from profits, spreading early holiday joy

Servus Credit Union shared $68.1 million from its profits with members across the province yesterday. The credit union has been seeing steady growth in 2023 that enabled another year of record-setting profit payout.

November 10, 2023

connectFirst Credit Union and Servus Credit Union members approve merger

Members of connectFirst and Servus have approved the proposed merger of their two credit unions. At connectFirst Credit Union’s Special General Meeting, held on November 9, 2023, members voted 85% in favour of the merger.

September 28, 2023

Servus Credit Union continues its upward asset growth trajectory

Servus Credit Union Ltd. (Servus) continued its growth trajectory in its third quarter of 2023, reaching $19.8 billion in assets – up $1.6 billion (9.2%) from the same period last year.

June 28, 2023

Servus Credit Union achieves over $1 billion in asset growth year-over-year

Servus Credit Union Ltd. (Servus) continued to report record growth in its second quarter of 2023, having reached $19.1 billion in assets, up $1.2 billion from the same period last year.

June 15, 2023

Alberta farmer-power engineer named next Servus millionaire

Levi Ryl, a 27 year-old farmer and power engineer based in Athabasca, AB, saw one million dollars deposited into his account earlier this morning. Alberta's newest millionaire is the winner of the 2023 Servus Big Share™ contest by Servus Credit Union.

June 02, 2023

Servus Credit Union announces acquisition of Stride Capital Corp. bolstering commercial equipment leasing business within Canada

Stride Capital becomes a wholly owned subsidiary and new division of Servus Credit Union.

May 09, 2023

Servus Credit Union celebrates 20 years winning Canada's Best Managed Companies award

Servus Credit Union has received the prestigious 2023 Canada's Best Managed Companies award. The credit union has retained its Best Managed designation for 20 consecutive years.

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